![]() ![]() There was a significant decrease in private funding in 2023 and many companies were forced to accept down rounds, Bochanis said. The private companies that may come to market this year are unlikely to make the mistake of seeking overly rosy valuations, however. That stock was trading at $46.02 on Friday. That was highly anticipated but remained below its $46 issue price for weeks. The lackluster performance was repeated by German sandal maker Birkenstock Holdings PLC, another deal Which made their much-hyped debuts around the same time. The same fate greeted grocery-delivery app Instacart Those hopes faded after the deal gained almost 25% on its first day of trading but swiftly fell below its issue price in the aftermarket. ![]() One key driver would be a reopening of the window for tech deals, a development investors were hoping would materialize late last year when chip maker Arm Holdings PLC The owner of sports brands Arc’teryx, Salomon, Wilson, Peak Performance and Atomic was acquired five years ago by a Chinese consortium for about $5 billion.įor more, read: Amer Sports files initial public offering with 21 underwriters and $3.5 billion in 2022 revenueĪdd in a few smaller deals and 2024 seems set for a strong start, which should set the market up well for the year ahead, said the analyst. filed with 21 underwriters, suggesting that deal will be a sizable one. Portfolio company, that could raise up to $1 billion, according to Bochanis.Īnd on Thursday, Finland-based Amer Sports Inc. This week saw filings from BrightSpring Health Service Inc., a home-healthcare service provider, and KKR & Co. For more, see: Fintech is set to be first Kazakh company to list in the U.S. ![]()
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